Welcome to our dedicated page for Pebblebrok Hotel news (Ticker: PEB), a resource for investors and traders seeking the latest updates and insights on Pebblebrok Hotel stock.
Pebblebrook Hotel Trust (NYSE: PEB) is a U.S. lodging real estate investment trust (REIT) that describes itself as the largest owner of urban and resort lifestyle hotels in the United States. The news flow around Pebblebrook frequently covers hotel operating performance, portfolio changes, capital markets activity, and dividend decisions, giving investors and observers insight into both the company and broader lodging trends.
Company news often highlights quarterly and annual results, including net income or loss, Same-Property RevPAR and Total RevPAR, hotel EBITDA, Adjusted EBITDAre, Adjusted FFO, and related outlook ranges. Pebblebrook regularly issues releases detailing its expectations for upcoming quarters and full-year performance, along with commentary on demand patterns across its urban and resort markets.
Another recurring theme in Pebblebrook’s news is portfolio recycling and capital allocation. Press releases describe hotel sales, such as the disposition of specific properties, and explain how sale proceeds are expected to be used for general corporate purposes, including reducing outstanding debt and preferred equity and repurchasing common or preferred shares. These announcements are often accompanied by updated outlooks and reconciliations of non-GAAP financial measures.
News items also address balance sheet and financing actions, including offerings of convertible senior notes, repurchases of existing notes, and related capped call transactions. In addition, the company reports on Board-authorized share repurchase programs and quarterly common and preferred dividend declarations.
For readers tracking PEB, this news stream provides ongoing detail on hotel-level performance, capital structure decisions, and REIT-specific measures that the company uses to evaluate its business. Regular updates on earnings, transactions, and dividends help contextualize the company’s strategy and operating environment over time.
Pebblebrook Hotel Trust (NYSE: PEB) has announced updates regarding its recent operating trends. The company is a leading publicly traded REIT, owning 52 hotels with around 12,800 guest rooms across 14 urban and resort markets in the U.S., particularly focusing on West Coast gateway cities. For more insights, visit their investor presentations online.
Pebblebrook Hotel Trust (NYSE: PEB) reported a significant recovery in Q2 2021, achieving Same-Property Hotel EBITDA of $28.3 million, driven by strong leisure demand and increasing business transient travel. The Company’s Same-Property RevPAR rose by 111% sequentially. Key acquisitions include the Jekyll Island Club Resort and the anticipated Margaritaville Hollywood Beach Resort. Total liquidity reached $967.2 million as of June 30, 2021. Although outlook for 2021 remains uncertain due to COVID-19, Q3 revenues are expected to improve compared to earlier quarters.
Pebblebrook Hotel Trust (NYSE: PEB) has successfully completed its public offering of 10 million 5.700% Series H Cumulative Redeemable Preferred Shares at $25.00 each, raising gross proceeds of $250 million. The proceeds will be utilized to redeem the Company’s existing 6.50% Series C and 6.375% Series D Preferred Shares. The offering was managed by Wells Fargo Securities, Raymond James, and BofA Securities, among others. Pebblebrook owns 52 hotels across 14 markets, focusing on urban and resort lifestyle properties in the U.S.
Pebblebrook Hotel Trust (NYSE: PEB) announced a rescheduling of its quarterly conference call to Friday, July 30, 2021, at 9:00 AM ET, due to a conflict with another hospitality company’s call. The financial results for Q2 2021 will be reported on Thursday, July 29, 2021, after market close. Participants can join the call by dialing (877) 705-6003 or via a live webcast on the company’s website. Pebblebrook Hotel Trust is the largest owner of urban and resort lifestyle hotels in the U.S., with 52 hotels and approximately 12,800 guest rooms across 14 markets.
Pebblebrook Hotel Trust (NYSE: PEB) announced the redemption of all 5,000,000 Series C Cumulative Redeemable Preferred Shares, contingent on completing its offering of 5.700% Series H Cumulative Redeemable Preferred Shares. Each Series C share will be redeemed for $25.00 plus accrued dividends, effective August 22, 2021. Dividends on Series C shares will cease upon redemption, and payment will occur only upon surrender of the shares to Equiniti Trust Company. The notice and related materials were mailed to Series C shareholders.
Pebblebrook Hotel Trust (NYSE: PEB) announced the redemption of 5,000,000 Series D Cumulative Redeemable Preferred Shares, pending completion of its Series H Offering. The redemption amount is set at $25.00 per share, plus accrued dividends, ceasing on the Redemption Date of August 21, 2021. Holders must surrender their shares to Equiniti Trust Company for payment. The company owns 52 hotels with approximately 12,800 guest rooms across the U.S., predominantly in major urban and resort markets.
Pebblebrook Hotel Trust (NYSE: PEB) has acquired the historic Jekyll Island Club Resort for $94.0 million. This 200-room resort, significant for its late 19th-century architectural charm, is located within the Jekyll Island National Landmark Historic District. Managed by Noble House Hotels & Resorts, the resort offers over 14,000 square feet of meeting space and several dining options. Forecasts indicate a 68% occupancy rate for 2021, with projected revenues including $7.6 million in hotel EBITDA. This acquisition expands Pebblebrook's portfolio to 52 properties.
Pebblebrook Hotel Trust (NYSE: PEB) announced the pricing of an underwritten public offering of 10,000,000 of its 5.700% Series H Cumulative Redeemable Preferred Shares at $25.00 per share, totaling net proceeds of approximately $242.0 million. The offering is set to close on July 27, 2021, subject to customary conditions. The proceeds will be used to redeem outstanding Series C Preferred Shares and possibly Series D or E Preferred Shares, as well as for general corporate purposes, including potential hotel acquisitions and debt reduction.
Pebblebrook Hotel Trust (NYSE:PEB) reports continuous improvement in operating trends, expecting positive Adjusted EBITDA in Q2 2021 and positive Adjusted Funds from Operations (FFO) in Q3 2021. The company, which owns 51 hotels with about 12,600 guest rooms across key urban and resort areas, emphasizes its focus on west coast cities. For more details on current trends, visit their investor presentation online.
Sabre Corporation (NASDAQ: SABR) partners with Curator Hotel & Resort Collection to provide its hospitality solutions to independent hotels. This agreement allows Curator members access to Sabre's advanced retailing and distribution tools, enhancing guest personalization and revenue opportunities. Sabre's industry-leading SynXis Central Reservations connects nearly 900,000 travel agents and 700 online channels. Curator supports independent hotels with effective operational agreements while retaining their uniqueness. This collaboration aims to boost traveler confidence and response as the hospitality industry recovers post-COVID-19.